BlackRock Global Long/Short Equity Fund Class I (BDMIX)

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BlackRock Global Long/Short Equity Fund Class I (BDMIX) is up 13.0% since the beginning of the year. BDMIX is currently trading at $16 per share. Investors who bought $1,000 worth of BDMIX shares 5 years ago would now be looking at an investment worth $1,868.

BlackRock Global Long/Short Equity Fund Class I (BDMIX) has returned 12.96% so far this year and 23.99% over the past 12 months. Over the last ten years, BDMIX has returned 8.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2013, BDMIX's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.

Historically, 64% of months were positive and 36% were negative. The best month was Jan 2024 with a return of +4.3%, while the worst month was Feb 2016 at -4.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BDMIX closed higher 48% of trading days. The best single day was Mar 4, 2013 with a return of +1.8%, while the worst single day was Mar 17, 2020 at -2.2%.

BlackRock Global Long/Short Equity Fund Class I has an annualized alpha of 6.55%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.

• This fund captured 18.02% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10.90%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.04 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BDMIX has a high expense ratio of 1.57%, indicating above-average management fees.

BDMIX ranks 95 for risk / return — in the top 95% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

BlackRock Global Long/Short Equity Fund Class I provided a 7.91% dividend yield over the last twelve months, with an annual payout of $1.30 per share.

The table displays the monthly dividend distributions for BlackRock Global Long/Short Equity Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock Global Long/Short Equity Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock Global Long/Short Equity Fund Class I was 11.89%, occurring on Sep 12, 2016. Recovery took 242 trading sessions.

The current BlackRock Global Long/Short Equity Fund Class I drawdown is 0.24%.

The chart below shows the rolling one-month volatility.